Ground Mounted Solar PV Market Size & Forecasts 2026-2035, By Segments (Connectivity, End-Use), Growth Opportunities, Innovation Landscape, Regulatory Shifts, Strategic Regional Insights (U.S., Japan, China, South Korea, UK, Germany, France), and Competitive Dynamics (First Solar, Canadian Solar, JinkoSolar, Trina Solar, LONGi Solar)

Market Outlook

Ground Mounted Solar PV Market size is projected to expand significantly, moving from USD 111.88 billion in 2025 to USD 185.74 billion by 2035, with a CAGR of 5.2% during the 2026-2035 forecast period. The expected revenue for 2026 is USD 116.92 billion.

• Base Year Value (2025): USD 111.88 Billion
• CAGR (2026-2035): 5.2%
• Forecast Year Value (2035): USD 185.74 Billion
• Historical Data Period: 2021-2025
• Largest Region: Asia Pacific
• Forecast Period: 2026-2035

Key Takeaways

Market Dynamics

Policy Incentives and Subsidies for Renewable Energy Installations

The ground mounted solar PV market is experiencing significant growth driven by robust policy incentives and subsidies aimed at promoting renewable energy adoption. Governments worldwide, including the U.S. Department of Energy and the European Commission, have implemented various financial mechanisms that lower the initial investment barriers for solar projects. These include tax credits, feed-in tariffs, and grants, which not only stimulate demand but also encourage innovation in solar technology. As a result, both established players and new entrants can capitalize on these incentives to enhance their competitive positioning, making solar energy more accessible to consumers and businesses alike. The ongoing commitment to sustainability and carbon reduction across multiple jurisdictions indicates a promising trajectory for policy-driven growth in the ground mounted solar PV market.

Falling Module Prices Due to Manufacturing Scale in Asia

The ground mounted solar PV market is also benefiting from the dramatic decline in solar module prices, primarily driven by increased manufacturing scale in Asia. Major manufacturers like JinkoSolar and Trina Solar have ramped up production capacities, leading to economies of scale that have significantly reduced costs. This price reduction has made solar installations more economically feasible for a broader range of users, from large-scale utility projects to smaller commercial installations. The competitive dynamics are shifting, as lower costs enable market penetration in regions previously considered uneconomical for solar energy. For both established and emerging companies, the ability to offer cost-effective solutions presents a strategic opportunity to capture market share and drive further adoption of ground mounted solar PV systems.

Grid Modernization and Storage Integration Enabling Large-Scale Deployment

Advancements in grid modernization and energy storage solutions are pivotal in shaping the ground mounted solar PV market. As utilities invest in smart grid technologies, they enhance the capability to integrate renewable energy sources, facilitating a more reliable and resilient energy supply. Organizations such as the International Energy Agency have noted that storage systems, including batteries, are becoming increasingly essential for managing the intermittency of solar power. This integration not only supports large-scale deployment but also enhances the overall efficiency of solar systems, making them more attractive to investors. For industry players, this presents an opportunity to innovate in hybrid solutions that combine solar generation with storage, positioning themselves favorably in a market that is rapidly evolving toward more sustainable energy infrastructures.

Growth Driver Assessment Framework
Growth Driver	Impact On CAGR	Regulatory Influence	Geographic Relevance	Adoption Rate	Impact Timeline
Policy incentives and subsidies for renewable energy installations	2.00%	Short term (≤ 2 yrs)	Asia Pacific, Europe (spillover: North America)	High	Fast
Falling module prices due to manufacturing scale in Asia	1.60%	Medium term (2–5 yrs)	Asia Pacific (spillover: Latin America)	Low	Fast
Grid modernization and storage integration enabling large-scale deployment	1.20%	Long term (5+ yrs)	North America, Europe (spillover: Asia Pacific)	Medium	Moderate

Industry Restraints:

Regulatory Compliance Burdens

The ground mounted solar PV market faces significant constraints due to regulatory compliance burdens, which can create operational inefficiencies and deter investment. Complex permitting processes and varying state-level regulations often lead to delays in project deployment, as highlighted by the Solar Energy Industries Association (SEIA), which reported that regulatory hurdles can extend project timelines by up to 18 months. This not only increases costs but also creates uncertainty for developers, who must navigate a patchwork of local, state, and federal regulations. The burden is particularly pronounced for new entrants lacking established relationships with regulatory bodies, making it challenging for them to compete with larger, more experienced firms that can absorb these delays more effectively. As governments worldwide push for cleaner energy solutions, the evolving regulatory landscape may continue to impose additional compliance requirements, further complicating market entry and expansion efforts in the near to medium term.

Supply Chain Vulnerabilities

Supply chain vulnerabilities represent a critical restraint in the ground mounted solar PV market, exacerbated by geopolitical tensions and recent global disruptions. The reliance on a limited number of suppliers for key components, such as photovoltaic cells and inverters, has led to significant price volatility and shortages, as reported by the International Energy Agency (IEA). This situation has not only inflated project costs but has also caused delays in installations, prompting companies to reconsider their supply chain strategies. Established players may have the resources to mitigate these risks through vertical integration or diversified sourcing, but smaller firms often lack the capital to secure reliable supply lines. As the market evolves, stakeholders must remain vigilant about supply chain resilience, as ongoing disruptions could hinder growth and innovation, particularly as demand for solar installations continues to rise.

Regional Forecast

Asia Pacific Market Statistics:

The Asia Pacific region represented over 46.4% of the global ground mounted solar PV market in 2025, establishing itself as the largest and fastest-growing segment. This dominance is attributed to a confluence of factors, including robust governmental support for renewable energy initiatives, a shift towards sustainability in energy consumption, and significant technological advancements that have made solar energy more accessible and cost-effective. For instance, the International Renewable Energy Agency (IRENA) has highlighted the region's commitment to large-scale renewable energy projects, which have catalyzed investment and innovation in solar technologies. As consumer preferences increasingly favor sustainable solutions, the Asia Pacific market is poised for substantial growth, presenting significant opportunities for investors and stakeholders in the ground mounted solar PV market.

China is positioned as a pivotal hub in Asia Pacific's ground mounted solar PV market, driving the sector with its extensive manufacturing capabilities and ambitious renewable energy targets. The country’s strategic initiatives, such as the 14th Five-Year Plan, emphasize a transition to greener energy sources, fostering an environment ripe for solar investments. Additionally, competitive pricing and technological advancements by leading companies like LONGi Green Energy have solidified China's role as a global leader in solar production. This unique interplay of regulatory support and market dynamics enhances China’s contribution to the regional landscape, reinforcing Asia Pacific's leadership in the ground mounted solar PV market.

Japan anchors the region's ground mounted solar PV market with a distinctive focus on energy resilience and sustainability following the Fukushima disaster. The government has implemented policies that prioritize renewable energy adoption, such as the Feed-in Tariff scheme, encouraging investments in solar infrastructure. Companies like SoftBank Group are actively pursuing large-scale solar projects, reflecting a cultural shift towards sustainable energy solutions. This dedication to innovation and regulatory support positions Japan as a key player, creating synergies that further bolster the Asia Pacific region’s opportunities in the ground mounted solar PV market.

North America Market Analysis:

North America maintained notable market presence in the ground mounted solar PV market, characterized by moderate growth driven by increasing sustainability priorities among consumers and businesses. The region's significance is underscored by its robust regulatory frameworks, which incentivize renewable energy adoption and facilitate investments in solar infrastructure. Recent policy shifts, such as the extension of the Investment Tax Credit (ITC) by the U.S. Department of Energy, have further propelled market dynamics, encouraging stakeholders to enhance their solar capacity. As consumer preferences shift towards greener energy solutions, the demand for ground mounted solar PV systems is expected to rise, supported by technological advancements and operational efficiencies. This evolving landscape positions North America as a promising region for investment opportunities in the solar sector, reflecting a commitment to sustainable energy practices and economic resilience.

The United States plays a pivotal role in the North American ground mounted solar PV market, showcasing a unique interplay of consumer demand and regulatory support. The increasing inclination towards sustainability is evident as homeowners and corporations alike seek to reduce their carbon footprints. Notably, states like California and Texas have implemented ambitious renewable energy targets, fostering a competitive environment that drives innovation within the industry. For instance, the California Public Utilities Commission's recent initiatives to enhance grid reliability have spurred investments in solar projects, illustrating the state's commitment to a cleaner energy future. These developments not only enhance market positioning for U.S. solar companies but also create synergies with regional growth, reinforcing North America's leadership in the ground mounted solar PV market.

Canada complements the U.S. efforts, contributing to the moderate growth of the ground mounted solar PV market through its favorable regulatory landscape and increasing public awareness of environmental issues. The Canadian government's commitment to reducing greenhouse gas emissions has led to substantial investments in renewable energy projects, particularly in provinces like Ontario and Alberta, where solar energy adoption is on the rise. The recent announcement by Natural Resources Canada to fund solar energy initiatives reflects the nation’s strategic focus on enhancing its renewable energy portfolio. As Canadian consumers increasingly prioritize sustainable energy solutions, the ground mounted solar PV market is expected to gain traction, further aligning with North America's regional opportunities for growth and innovation.

Europe Market Trends:

Europe held a commanding share in the ground mounted solar PV market, driven by robust policy frameworks, increasing sustainability commitments, and a growing consumer preference for renewable energy sources. The region's significant investments in solar technologies, coupled with favorable regulatory environments, have catalyzed a shift toward cleaner energy solutions. For instance, the European Commission's Green Deal emphasizes a transition to a carbon-neutral economy, fostering an environment where ground mounted solar PV systems are increasingly prioritized. Moreover, advancements in technology and operational efficiencies have enhanced the competitiveness of solar solutions, making them more accessible to a wider audience. As countries within Europe continue to push for ambitious renewable energy targets, the ground mounted solar PV market is poised for substantial growth, presenting lucrative opportunities for investors and stakeholders.

Germany plays a pivotal role in the European ground mounted solar PV market, maintaining a notable presence due to its strong regulatory support and innovative landscape. The country has implemented policies such as the Renewable Energy Sources Act (EEG), which incentivizes the development of solar projects, significantly boosting consumer demand. Notably, the German Solar Industry Association reported that solar PV installations reached record levels in 2022, reflecting a growing acceptance of renewable energy among consumers and businesses alike. This trend is further supported by technological advancements, such as improved solar panel efficiency and energy storage solutions, which enhance the viability of ground mounted installations. As Germany continues to lead in solar energy adoption, its strategies and successes will likely influence broader regional dynamics, offering insights for other countries in Europe.

France is also a key player in the ground mounted solar PV market, characterized by its moderate growth trajectory fueled by strategic government initiatives and increasing public awareness of climate change. The French government has set ambitious targets for renewable energy, aiming for solar energy to contribute significantly to its energy mix by 2030. According to the French Ministry of Ecological Transition, ground mounted solar installations have surged, driven by competitive tenders and a growing emphasis on local energy production. Additionally, cultural shifts toward sustainability have led to heightened consumer interest in solar technologies, encouraging investments from both public and private sectors. As France enhances its solar capacity, its experience and regulatory frameworks may serve as a model for other European nations, reinforcing the region's overall potential in the ground mounted solar PV market.

Regional Market Attractiveness & Strategic Fit Matrix
Parameter	North America	Asia Pacific	Europe	Latin America	MEA
Innovation Hub	Advanced	Developing	Advanced	Developing	Nascent
Cost-Sensitive Region	Low	Medium	Low	High	High
Regulatory Environment	Supportive	Neutral	Supportive	Neutral	Neutral
Demand Drivers	Strong	Strong	Strong	Moderate	Weak
Development Stage	Developed	Developing	Developed	Emerging	Emerging
Adoption Rate	High	Medium	High	Medium	Low
New Entrants / Startups	Dense	Moderate	Dense	Sparse	Sparse
Macro Indicators	Strong	Stable	Stable	Weak	Weak

Segmentation Analysis

Analysis by Connectivity

The ground mounted solar PV market for the connectivity segment is led by the On-Grid sub-segment, which captured over 82.5% share in 2025. This dominance is primarily driven by the cost-effectiveness and grid integration support offered by On-Grid systems, allowing users to leverage existing infrastructure while minimizing installation expenses. The increasing demand for sustainable energy solutions, coupled with regulatory incentives from agencies like the International Renewable Energy Agency (IRENA), has fostered a favorable environment for On-Grid systems. This segment presents strategic advantages for established firms looking to expand their portfolios and for emerging players seeking to capitalize on growing consumer preferences for renewable energy. With continuous advancements in technology and the rising emphasis on energy efficiency, the On-Grid sub-segment is poised to maintain its relevance in the near to medium term.

Analysis by End-Use

In the ground mounted solar PV market, the utility sub-segment within the end-use category represented more than 58.8% of the market share in 2025. This strong position is attributed to the economies of scale realized in large-scale solar projects, which enable significant cost reductions and enhanced energy production efficiency. Utility-scale installations are increasingly favored by energy providers and governments, as highlighted by the U.S. Department of Energy’s initiatives promoting large solar farms. This segment offers substantial opportunities for both established firms and new entrants, driven by the growing need for reliable and sustainable energy sources. As regulatory frameworks continue to evolve in favor of renewable energy, the utility sub-segment is expected to remain a critical player in the ground mounted solar PV market for the foreseeable future.

Report Segmentation
Segment	Sub-Segment
Connectivity	On-Grid, Off-Grid
End-Use	Residential, Commercial & Industrial, Utility

Competitive Landscape

Key players in the ground mounted solar PV market include industry leaders such as First Solar, Canadian Solar, JinkoSolar, Trina Solar, LONGi Solar, JA Solar, SunPower, Hanwha Q Cells, Risen Energy, and Talesun Solar. These companies have established themselves as pivotal forces within the market, each contributing unique strengths that enhance their competitive positioning. For instance, First Solar is recognized for its advanced thin-film technology, which provides an edge in efficiency and cost-effectiveness. Similarly, Canadian Solar's extensive global reach and diversified product offerings enable it to cater to various customer segments effectively. The Chinese manufacturers, including JinkoSolar and LONGi Solar, dominate with their large-scale production capabilities and aggressive pricing strategies, while SunPower and Hanwha Q Cells are noted for their innovation in high-efficiency panels, solidifying their market influence.

The competitive landscape of the ground mounted solar PV market is characterized by a dynamic interplay of strategic initiatives among these top players. Collaborations and partnerships have become increasingly common as companies seek to enhance their technological capabilities and expand their market reach. For example, several firms are investing heavily in research and development to advance solar technology, thereby improving efficiency and reducing costs. Additionally, mergers and acquisitions are facilitating the consolidation of expertise and resources, which helps players to streamline operations and enhance their competitive edge. The launch of innovative products tailored to specific regional demands has also been a focal point, allowing companies to differentiate themselves in a crowded marketplace, thereby shaping their market positioning and driving competitiveness.

Strategic / Actionable Recommendations for Regional Players

In North America, market participants may benefit from forming alliances with technology firms to leverage advancements in energy storage solutions, enhancing the overall efficiency and reliability of solar installations. This collaboration could also facilitate entry into new markets, particularly in regions with burgeoning renewable energy mandates. In Asia Pacific, focusing on high-growth sub-segments, such as utility-scale solar projects, could provide significant opportunities for expansion, especially given the region's rapidly growing energy demands. Engaging with local governments to align with sustainability initiatives may further bolster positioning. In Europe, responding to competitive initiatives through the exploration of innovative financing models could attract new investment and drive project development. Emphasizing sustainability and environmental benefits in marketing strategies may resonate well with the region's environmentally conscious consumer base, fostering brand loyalty and market growth.